LDGraft is a next-generation bone graft substitute for spinal fusion, with uniquely encapsulated rhBMP-2 for controlled and extended-release
Seeking to target significant and growing chronic low back pain market
NOTTINGHAM, England–(BUSINESS WIRE)–Locate Bio, a UK-based orthobiologics company, is pleased to announce that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Device designation for LDGraft, currently in development for anterior lumbar interbody spinal fusion (ALIF) procedures at one level from L3-S1 for patients with degenerative disc disease. The FDA Breakthrough Device Program is designed to accelerate patient access to promising technologies that have the potential to provide more effective treatment or diagnosis for life-threatening or irreversibly debilitating diseases or conditions.
Degenerative disc disease (DDD) is an irreversible and debilitating disease that has a substantial impact on day-to-day functioning. If left untreated, the condition of a patient with DDD will worsen, causing increasing low back pain and potential radiculopathy, myelopathy, spinal stenosis, degenerative spondylolisthesis, and herniations. It is estimated that there are over 700,000 spinal fusions performed in the U.S. each yeari, representing a market approaching $2bni.
LDGraft has been designed to provide both an osteoconductive scaffold and a controlled and extended release of osteoinductive recombinant human bone morphogenetic protein 2 (rhBMP-2). This extended release is achieved as the product does not contain any liquid phase or surface attached rhBMP-2. Instead, the osteoinductive agent is encapsulated within a proprietary polymer scaffold system which degrades over several weeks, continuously releasing the rhBMP-2 as it does so.
John von Benecke, CEO of Locate Bio, said: “According to the World Health Organisation, chronic low back pain is already the leading cause of disability worldwide, with 570 million prevalent cases worldwideii. With a rapidly ageing global population, there is now an urgent need for next-generation products to relieve suffering and improve the quality of life for millions of patients. We are delighted therefore to have been granted a Breakthrough Device designation from the FDA for LDGraft, our exciting controlled and extended-release rhBMP-2 for spinal fusion.
We are proud that the FDA has recognised the potential of LDGraft. Having recently completed our final preclinical work, we are looking forward to progressing LDGraft into human clinical trials later this year and ultimately, regulatory approval. More broadly, today’s announcement is another important milestone for Locate as we seek to achieve our ambition of building a world-leading orthobiologics business that addresses clear unmet needs of both surgeons and patients.”
ENDS
About Locate Bio
Locate Bio is an innovative orthobiologics company with a proprietary, regenerative medicine pipeline, developing a range of exciting orthobiologics products with great disruptive potential.
Locate Bio’s ambition is to build a world-leading, orthobiologics business with a diversified suite of best-in-class technologies that address the performance limitations of existing products and enable orthopaedic surgeons to improve the lives of millions of people suffering from debilitating musculoskeletal conditions.
Locate Bio is a spin-out from the University of Nottingham. The Company is backed by Mercia Asset Management PLC and BGF.
To learn more visit: https://www.locatebio.com/
i DRG Bone Graft Substitutes Market Insights 2019
ii https://www.who.int/news-room/fact-sheets/detail/musculoskeletal-conditions
Contacts
For further information:
Locate Bio Limited
John von Benecke, CEO
+44 (0)115 784 0041
[email protected]
Media enquiries
FTI Consulting
Ciara Martin, Tim Stamper
+44 (0) 203 727 1000
[email protected]